How long does remortgaging take?

[Shytalker]

Slightly kicking myself here. My current deal (1.4%) ends on Dec 1st, but up till now I’ve been planning to just do a product transfer with current lender (Halifax) as they were offering a decent enough rate, 4%, with no fees, and the process literally takes a week to sort out.

However, they’ve just put the rate up 😩 Will add about £30 a month. Not loads but annoying. And I’ve noticed there are a few lenders offering better fixed rates with no fee, which would save me @ £50 a month or so on the Halifax one.

Basically, it now seems worth doing a proper remortgage.

Will I get it through in time before Dec 1st? I’ll be on the SVR if not, which will be ££££!

Depends if they need to value your home. Ours took about a month I think.

On average it takes 4-8 weeks.

I would assume 12 weeks.

Conveyancers are a pain in the rear.

I've had varying experiences. When changing lenders it can take an unfeasibly long time. With the same lender (change of rate / term), it took a few days.

Does your current provider charge fees for leaving? I've never done it so don't know.

Thanks for replies. No fees from current lender as I’m technically out of any fixed term.

Need to do the maths on paying the SVR for an extra month or two, compared with what I’d save on leaving and getting a lower rate.